The company has been able to generate exceptional growth in all key business metrics, and currently boasts of net revenue run rate of $1.5Mn - $2Mn per month (annualized ~ $25Mn) and transaction run rate of ~600-800/month; exponentially more than any online or organized offline real estate player in India.
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JustRide,has raised money from major global investors;San Francisco based Susa Ventures, Kima Ventures, Axan Ventures, SCM Holdings from London and IT-Farmfrom Japan.
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The company plans to use the funds raised in expanding its seller base, building automation and improving its supply chain. The company also wants to expand its talent pool especially in the technology and operations domains.
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Hyderabad-based logistics firm Gati Ltd. has invested an undisclosed sum in Browntape Technologies Pvt Ltd, a cloud-based software solutions company based out of Goa.
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The acqui-hire includes a 10+ member team and also the inclusion of Raghavendra as the CEO of the new and expanded BookMyTime.
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The team is looking to launch new products, to increase percentage of sales from the e-commerce channel and gifting space, and to enter the global market.
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The funds would be deployed to scale current traction areas through targeted marketing and sales funnels along with product enhancements that move the needle for HR teams worldwide, vis-a-vis measurement of technical acumen in their respective organizations.
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With this investment, members of CAN now hold around 8% stake in LetsMD for an undisclosed amount. Other than CAN, LetsVenture also invested in the company.
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